Exciting news: Box has been named a Leader in The Forrester Wave™: Enterprise File Sync and Share Platforms, Cloud Solutions, Q1 2016 report by Forrester Research! Box is the highest rated leader on Current Offering and Strategy, which includes categories like architecture and repository services, collaboration and file sharing, security and usability.
We are thrilled to be recognized by Forrester Research across multiple markets that we serve from Enterprise File Sync & Share (EFSS) to Enterprise Content Management (ECM)* and providing customers with proven Return On Investment (ROI)**:
- As a Leader highest rated in Strategy in EFSS
- As a Leader in Enterprise Content Management for Business Content
In a recent commissioned study conducted by Forrester Consulting on behalf of Box, Forrester found that an 8,000 employee organization, which was a composite company based on the organizations interviewed, achieved 405% ROI, reduced IT spend by $2.4M by retiring storage and legacy ECM systems and realized $3M cost avoidance related to improved security and compliance on corporate content.
As companies adopt EFSS to enable new work styles, they are looking for a strategic partner that can help them on this journey to modernize business process, digitize content and a proven vendor that can help them through this transition.
Last year was a record-breaking year for us. We've benefited tremendously from cloud scale in customer acquisition and company performance, reaching 57,000 customers and growing 40% year-over-year to $303 million in revenue. Additionally, we've seen significant momentum among CIOs enabling digital business initiatives in large and heavily regulated enterprises in Financial Services, Healthcare and Government. Global enterprises across all industries, including GE, World Bank Group, IBM, Eli Lilly, Barneys New York, Toyota Motor Sales, and US Department of Justice are leveraging Box as their content management platform of choice.
*The Forrester Wave™: ECM Business Content Services, Q3 2015, Forrester Research, Inc.
**The Total Economic Impact™ of Box’s Enterprise Content Management And Collaboration Platform, February 2016